Gold & WTI Crude Oil Key Trading Levels – Trump Eases the Market

Over the weekend, US President Donald Trump foretold that China would take down its trade barriers. This was a show of confidence despite...


On Friday, the commodity market remained supported after worse than expected US economic events. The US economy added fewer jobs than expected. In particular, the US NFP disappointed the market with 103K jobs in March 2018. Now, investors’ focus has shifted to the US inflation figures which are due to be released on Wednesday.

Over the weekend, US President Donald Trump foretold that China would take down its trade barriers. This was a show of confidence despite the escalating trade tensions between the world’s two largest economies that have troubled global markets over the past week.

Gold – XAU/USD – Trading Levels

Support     Resistance

1325.65      1348.49

1318.59      1355.55

1307.17      1366.97

Key Trading Level:    1337.07

WTI – Crude Oil – Trading Levels

Support     Resistance

61.72          64.48

60.87          65.33

59.49          66.71

Key Trading Level:    63.1

Stay tuned to our Forex trading signals as there is much action in the market today. Good luck!

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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